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In India, as per the guidelines issued by the Reserve Bank of India (RBI), the proceeds of inoperative accounts and unclaimed deposits with banks are transferred to the Depositor Education and Awareness Fund (DEAF) after a period of 10 years from the date of the last transaction in the account. This means that if there has been no transaction in a bank account for a period of 10 years or more, and the account has become inoperative, the balance in the account will be transferred to the DEAF. Similarly, if a deposit or investment in a financial institution remains unclaimed for a period of 10 years, the proceeds will also be transferred to the DEAF.
Which of the following is/are correct regarding Capital Conservation Buffer?
I It is required when there is excess growth in bank’s credit ...
Which of the following statements is incorrect regarding India's pension sector reforms?
Expand CAMELS as one of the rating systems used by RBI
Sh Ajay Kumar Chaudhary who is appointed as a new Executive Director of RBI, was earlier designated as:
Which of the following is not a financial asset in accordance with IND AS 109?
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
Export Credit Guarantee Corporation of India comes under the administrative control of ______________.
Basel III capital regulations are based on 3 mutually reinforcing pillars. These pillars are:
I. Minimum Capital Standards <...
Which of the following is the Highest Body in India with respect to Direct Taxes?
In terms of market efficiency, short selling is most likely: